MOSCOW, March 28 (RIA Novosti) - A Moscow court sanctioned the arrest of a former banker and now secretary of the Moscow Arbitration Court, suspected of a $2.3 billion fraud.
Boris Sokalsky is suspected of swindling, money and securities counterfeiting, and abuse of power, a news release said.
"As a result of Sokalsky's activity, over 62 billion rubles went into circulation uncontrolled by the government, thereby violating its exclusive right to financial regulation and inflicting damage to the Central Bank's function of protecting and securing the stability of the ruble," investigators said.
Investigators established that Sokalsky had organized a criminal group while chairing the management board of NEP Bank, later declared bankrupt.
